Common use of Year 2000 Issue Clause in Contracts

Year 2000 Issue. Except as could not reasonably be expected to have a Material Adverse Effect, any reprogramming and related testing required to permit the proper functioning of the Credit Parties' computer systems in and following the year 2000 are completed (that is, the Credit Parties are "Year 2000 Compliant"), and the cost to the Credit Parties of such reprogramming and testing will not result in a Default or Event of Default or a Material Adverse Effect. The computer and management information systems of the Credit Parties and their Subsidiaries are and, with ordinary course upgrading and maintenance, will continue for the term of this Agreement to be, adequate for the conduct of its business.

Appears in 2 contracts

Samples: Credit Agreement (Suiza Foods Corp), Credit Agreement (Southern Foods Group L P)

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Year 2000 Issue. Except as could not reasonably be expected to have a Material Adverse Effect, any reprogramming and related testing required to permit the proper functioning of the Credit Parties' computer systems in and following the year 2000 are will be completed in all material respects prior to September 1, 1999 (that is, the Credit Parties are will be "Year 2000 Compliant"), and the cost to the Credit Parties of such reprogramming and testing will not result in a Default or Event of Default or a Material Adverse Effect. The Except for such reprogramming referred to in the preceding sentence as may be necessary, the computer and management information systems of the Credit Parties and their Subsidiaries are and, with ordinary course upgrading and maintenance, will continue for the term of this Agreement to be, adequate for the conduct of its business.. 56 ARTICLE IV

Appears in 1 contract

Samples: Credit Agreement (Dan River Inc /Ga/)

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Year 2000 Issue. Except as could not reasonably be expected to have a Material Adverse Effect, any reprogramming and related testing required to permit the proper functioning of the Credit Parties' computer systems in and following the year 2000 are will be completed in all material respects prior to September 1, 1999 (that is, the Credit Parties are will be "Year 2000 Compliant"), and the cost to the Credit Parties of such reprogramming and testing will not result in a Default or Event of Default or a Material Adverse Effect. The Except for such reprogramming referred to in the preceding sentence as may be necessary, the computer and management information systems of the Credit Parties and their Subsidiaries are and, with ordinary course upgrading and maintenance, will continue for the term of this Agreement to be, adequate for the conduct of its business.

Appears in 1 contract

Samples: Credit Agreement (Racing Champions Corp)

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